Videos & Podcasts
EPISODE #1 - "CARNE EN EL HUESO".
This is one of the two phrases that I enjoy using in the real estate and house flipping industry. Translated from Spanish to English, "Carne En El Hueso" - means "Meat On The Bone." This particular expression signifies that a purchased property must offer a substantial profit margin to warrant consideration. For instance, if our earnings post-sale do not exceed $100k or come close to that figure, it does not justify the investment. This principle underscores the importance of efficient resource allocation, encapsulated by the adage, "Time is Money."
"Everyone Eats at the table" - is another saying I employ, symbolizing that every individual involved in our house flipping team must yield financial returns; whether it is the realtor, painter, pool technician, carpet installer, or kitchen cabinet specialist, profitability for all is integral to the success of the venture.
EPISODE #2 - “AFTER REPAIR VALUE”.
ARV, which stands for After Repair Value, is an estimation of the worth of a property post renovations rather than its current state. Individuals involved in flipping houses frequently rely on ARV as a means of assessing the potential value of a property in need of fixing, determining both its purchase price and the anticipated resale value following improvements. I typically work with an average ARV range of $30,000 to $50,000 for effectively restoring an average home built between 1985 and now.
Factors that can influence this figure include one's level of experience; failure to conduct thorough research beforehand can lead to unanticipated expenses. Therefore, accurate calculation of ARV is a critical aspect of this industry.
EPISODE #3 - “CALCULATING YOUR PROFIT AFTER ARV”.
After-repair value - (ARV) is the estimated value of a property once renovations are finished. Real estate investors often rely on the 70% rule to determine the highest price they can pay for a property, ensuring profitability post-renovations. However, exploring opportunities to acquire properties below the calculated ARV threshold can yield substantial profits, as long as the investment is in the right asset.
By leveraging the appropriate resources, guidance, and expertise available from our team, coupled with keen judgement and practical experience, investors can potentially increase their profit margin significantly, sometimes even reaching 40 to 50% above the ARV estimation.
EPISODE #4 - PURCHASING YOUR FIRST HOME.
The Auction: We will show you where to go get your first house, and how simple it is to get one in the hopper, we don’t suggest you buy any houses from any Realtor - Not Recommended.
Closing: Complete the purchase through a legal process where you formally take ownership of the property - Once we get one at Auction, we will show you this final step and how to protect the home you just purchased.
Be Careful: Not to over bid at the Auction, this can cause a money issue, always remember to reserve at least $100k for ARV and emergencies, we don’t want you to get stuck after a successful purchase.
EPISODE #5 - RENOVATING YOUR FIRST HOME.
Planning: Design a renovation plan that maximizes the property’s value. Focus on improvements that increase home value, such as updating kitchens and bathrooms, improving curb appeal, and fixing any structural issues.
Execution: Manage the renovation process efficiently to stay on budget and on schedule. Using our contractors is essential so that you don't make a mistake hiring a handyman without a license or over paying.
The Walk Through and Final Touches: Once the home has been successfully renovated, you are going to want to walk though your house to see all the repairs, or if you are using one of our project managers, they will be there at the final renovation to show you the finished product, remember (I do this all the time), it’s also a good practice to take pictures from the beginning to the end.
EPISODE #6 - SELLING YOUR HOME.
Marketing: Once the renovation is complete, list the property for sale. Staging the home and professional photography can help attract buyers. How about taking that same listing your realtor will give you and maximize your selling potential by listing on all of your social media platforms?
Negotiating Offers: Be prepared to negotiate with potential buyers to get the best possible sale price, How about offering a buyers incentive of $5000 to change out the floor from tile to a laminated flooring instead?
Closing the Sale: Work with your real estate agent and attorney to finalize the sale. We will give you our list of realtors who help list and sell our homes, take advantage of this and don’t pay over 6%, our realtors have been in the business for a love time and know who to sell your home.
VIDEO UPDATE #1 OF THE RIVERSIDE ARV PROGRESS.
This is one of our current flips in Riverside California, on this flip as you can see in some of the beginning pictures, it needed some TLC, the spa pool step was broken off, some of the pool tile was not secure, all of the carpet had a unique smell, the paint on the walls was drab at best, the banister needed a little help, the kitchen and bathrooms were a little outdated, and the landscaping was bad, broken under the concrete water supply, sprinklers, most of the drip line was disconnected or not working, and some of the sprinkler system valves need replacing.
UPDATE … This video shows the ARV in progress, we have been at the property for a couple weeks now, two more weeks left, we are painting the exterior, CAN lights almost done, we fixed the landscaping and the pool issues, tore out all of the floors, and now we are adding some French paneling.
